Cost of buying on Curacao
Purchase costs on Curacao: Everything you need to know
If you are planning to buy a home in Curaçao, it is important to understand what the buyer’s fee is and how it is calculated. Here are some important things you need to know about the cost of buying in Curacao.
What is the cost buyer?
Buyer’s fees are the additional costs you pay when you buy a home. These costs include transfer tax, notary fees, brokerage fees and mortgage deed registration fees.
How are buyer’s fees calculated in Curacao?
On Curaçao, buyer’s fees are usually between 6% and 8% of the purchase price of the home. This percentage may vary depending on the purchase price and specific costs applicable to the transaction.
What are the specific costs that apply to the cost of buying in Curacao?
The specific costs applicable to the cost of buying in Curacao include:
Transfer tax: This is a tax you pay when you transfer ownership of the property. The transfer tax in Curaçao is 4% of the purchase price of the home.
Notary fees: These are fees you pay to the notary for preparing the deed of conveyance and mortgage deed. Curaçao notary fees are typically between 1.5% and 2% of the purchase price of the home.
Brokerage fees: These are fees you pay to the real estate agent for finding the property and assisting in the transaction. Curaçao realtor fees are typically between 3% and 5% of the purchase price of the home.
Fees for registering the mortgage deed: These are fees you pay to the notary for registering the mortgage deed with the Land Registry. The cost of registering the mortgage deed in Curacao is usually between 0.5% and 1% of the mortgage amount.
How can you reduce copper costs in Curacao?
There are some ways to reduce copper costs in Curacao. One way is to negotiate the purchase price of the home. The lower the purchase price, the lower the cost of buyer. Another way is to look for a property that is already registered with the Land Registry. In this case, you do not have to pay transfer tax.
Conclusion
If you are planning to buy a home in Curaçao, it is important to understand what the buyer’s fee is and how it is calculated. Buyer’s fees include transfer tax, notary fees, brokerage fees and mortgage deed registration fees. By negotiating the purchase price and looking for a property that is already registered with the Land Registry, you can reduce the buyer’s fees. With proper preparation and research, you can manage the cost of buying in Curacao and successfully purchase a home.
